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Short-term acute care hospital · Grundy Center, Iowa · 33 beds · CMS certification number 160035

Grundy County Memorial Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended January 31, 2000, settled, stamped by CMS March 12, 2002. Four years on file, every one shown below.

Fiscal 2000 at a glance

Net patient revenue
$2.1M
$2,141,766 · G-3 line 3
Operating expenses
$2.2M
$2,194,513 · G-3 line 4
Result from patient care
−$53K
−$52,747 · G-3 line 5
Margin on patient care
−2.5%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $3.4M in its first year on file (1997) to $2.1M in 2000.
  • Its result from patient care: −$614K (1998), −$200K (1999), −$53K (2000).
  • 4 of the 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2000.

Every statement is drawn from figures on this page; nothing is estimated.

Four years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
1997
settled
$3.4M
$3.6M
1998
settled
$3.0M
$3.6M
1999
settled
$3.4M
$3.6M
2000
settled
$2.1M
$2.2M

Beside its peers

Short-term acute care hospitals in Iowa with 25 to 49 beds, each on fiscal year 2000.

HospitalBedsNet patient revenueOperating expensesMargin
Grundy County Memorial Hospital33$2,141,766$2,194,513−2.5%
Adair County Memorial Hospital, Greenfield34$3,082,177$4,028,604−30.7%
Central Community Hospital, Elkader32$2,318,157$2,548,446−9.9%
Keokuk County Health Center, Sigourney33$1,537,171$2,328,016−51.4%
Northwest Iowa Health Center, Sheldon34$12,751,360$12,454,4502.3%
Orange City Municipal Hospital, Orange City34$13,947,350$14,600,237−4.7%

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Figures: CMS Healthcare Cost Report Information System, file HOSPFY1999.ZIP, form CMS-2552-96, filed under CMS certification number 160035.

How this page was built: the CMS Medicare cost report, file HOSPFY1999.ZIP, read March 12, 2002.